Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the West Census Region - Urban
This dataset tracks average price: potatoes, frozen, french fried (cost per pound/453.6 grams) in the west census region - urban over time.
Latest Value
0.83
Year-over-Year Change
8.33%
Date Range
3/1/1981 - 12/1/1995
Summary
This trend measures the average price of frozen French fried potatoes per pound in the West Census Region's urban areas. It is an important indicator of consumer food prices and a key factor in economic analyses of household spending and inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the West Census Region - Urban tracks the average retail price for this common household item. It is used to monitor changes in the cost of living and food inflation within the specified geographic region.
Methodology
The data is collected through surveys of retailers by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is a component of the Consumer Price Index, a key economic indicator used by policymakers and analysts.
Key Facts
- Potatoes are a dietary staple in the United States.
- Frozen French fries are a popular convenience food.
- The West Census Region includes 13 states in the western U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of frozen French fried potatoes in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend is an important indicator of household food costs and consumer inflation within the specified geographic region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend is a component of the Consumer Price Index, a key metric used by policymakers and economists to monitor inflation and the cost of living.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400714111), retrieved from FRED.